Wow...isn’t this special...
“Spouses as well as divorced spouses (who were married for 10 or more years) who reached 62 by Jan. 2 can still collect just their spousal or divorced spousal benefit between 66 and 70 and then take their own retirement benefit at 70. “
That means in another year, I’m living WAY below the poverty line. Do you know they take only the last 10 years of work history to figure your SS....I was caring for a sick mother and stepfather and sick grandkids and was too sick to work myself during that time.....so they see it as I NEVER worked...yes 40 years of working ,raising my kids with NO CHILD SUPPORT or help from anyone and THIS is what I have to look forward to. THANK GOD I am so sick!
Do you know they take only the last 10 years of work history to figure your SS....I was caring for a sick mother and stepfather and sick grandkids and was too sick to work myself during that time.....so they see it as I NEVER worked...
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I don’t think that’s correct. You can go online and check your projected benefits.
That 10 year look back will kill me if I wait the full retirement age. Layoff/early retirement in 2013, took care of a cancer patient in 2014/2015 and went back to work as a contract worker last June. I get a very modest pension but need the fulltime job status like yesterday in order to make this work. This sucks.
No, they don't. I don't know who told you this, but they were wrong, or you misunderstood.
You must have worked for 40 quarters (not consecutively) in order to be eligible for your own Social Security benefits.
But, to calculate your benefits, Social Security first adjusts your wages subject to Social Security tax each year by the average wage index -- it's similar to the CPI, but not exactly the same factor. Then, they use the highest 35 years in your career. If you worked for less than 35 years, then zero is substituted for the remaining years.
Don't believe me? Here's a flyer from Social Security that explains it: https://www.ssa.gov/pubs/EN-05-10070.pdf
Or, you can use this on-line calculator: https://www.ssa.gov/planners/retire/AnypiaApplet.html
Not accurate. Based on the highest 35 years. https://www.ssa.gov/pubs/EN-05-10070.pdf http://www.aarp.org/work/social-security/info-06-2012/how-are-social-security-benefits-calculated.html